Solana’s validator count has dropped 68% since 2023 as rising costs and zero-fee competition push smaller node operators offline.
Solana’s validator count has fallen dramatically over the past three years, raising concerns about the blockchain network’s decentralization as the economics of running a node squeezes out smaller operators.
The number of Solana validators fell 68% to 795 as of Wednesday, from a peak of 2,560 validator nodes in March 2023, according to Solanacompass data.
Validators are responsible for adding new blocks and verifying transactions in proposed blocks, playing a vital role in the operations of the decentralized ledger.
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